BlackRock Amends ServiceNow Stake, Signals Ownership Change
Ticker: NOW · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, ownership-change
Related Tickers: NOW
TL;DR
**BlackRock updated its ServiceNow stake, showing a change in its significant holding.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of ServiceNow, Inc. common stock as of December 31, 2023. This amendment (Amendment No. 5) indicates a change in BlackRock's beneficial ownership, which is important for investors as large institutional holdings can influence stock stability and market perception. This matters to investors because BlackRock is a major institutional investor, and changes in its stake can signal its confidence in ServiceNow's future performance, potentially affecting stock price movements.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock, and changes in their holdings can be interpreted as a vote of confidence or concern, influencing other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not inherently signal high risk, but rather transparency in ownership.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock to track any significant changes in their ServiceNow holdings, as these can indicate shifts in institutional sentiment.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- ServiceNow, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 5, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., with a Central Index Key (CIK) of 0001364742.
What is the subject company whose securities are being reported?
The subject company is ServiceNow, Inc., with a Central Index Key (CIK) of 0001373715.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of ServiceNow, Inc. is 81762P102.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001086364-24-004374 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004374 Filing Date 2024-01-26 Accepted 2024-01-26 11:49:44 Documents 1 Document Format Files Seq Description Document Type Size 1 us81762p1021_012624.txt SC 13G/A 11983 Complete submission text file 0001086364-24-004374.txt 13818 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2225 LAWSON LANE SANTA CLARA CA 95054 Business Address 2225 LAWSON LANE SANTA CLARA CA 95054 408-501-8550 ServiceNow, Inc. (Subject) CIK : 0001373715 (see all company filings) EIN. : 202056195 | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-87249 | Film No.: 24565879 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)